TC0809PN07

15 January 2008: For Immediate Release

TREASURY COMMITTEE TO TAKE EVIDENCE ON ROLE OF HEDGE FUNDS IN BANKING CRISIS

As part of its inquiry into the Banking Crisis the Treasury Committee will take evidence from representatives involved in the hedge fund industry on January 27.

The details of the session are as follows:

Tuesday 27 January at 9.45 am, House of Commons (room to be announced)

Witnesses:
Panel 1 (Hedge funds)
9:45 am

€ Alternative Investment Managers Association (AIMA)
€ Black Rock
€ Marshall Wace LLP
€ The Children's Investment Fund (TCI)
€ NewSmith Capital Partners

Panel 2 (Investor Groups and experts)
11 am (approx)

€ Legal & General
€ F & C Investments
€ Investment Management Association (IMA)
€ Association of British Insurers (ABI)
€ Hedge Fund Standards Board

Issues likely to come up are:
€ The implications of the hedge fund industry for financial stability
€ Short-selling
€ The future of the hedge fund industry
€ Corporate governance issues
€ Shareholder rights and responsibilities
€ Investor due diligence

Details of further evidence sessions for the Banking Crisis inquiry will be announced in due course.